Salt Lake Herald | 1901-12-04 | Page 12 | Beneficial Results of Our Financial Policy

RUT OF OP F FOU OU FINANCIAL POLICY The act at of March Marh 14 14 IMA 11 1 intended unequivocally to establish ebi gold goM as a the th standard money and a to t maintain at a ft I parity therewith all al forms fos of o money I medium in use ns with wit us UA has 1 been shown to be b timely and judicious The T price pic of o 0 our government bonds in the th worlds market when compared with wit the price of similar obligations comp issued ia t by y other oU nations te is 1 a Mitering flattering tribute tbt to our public credit cri This condition it i is Ii h evidently desirable to maintain In many respects r the t national bank banking lag ing lo law furnishes sufficient liberty for forthe forthe the tb proper exercise eXeM of o the th banking function but bt there the seems HS to t be b need D of 0 better bt safeguards against ag the t de do deranging d ranging rn louDe influence of o commercial e ll crises cs and financial panics panic plc Moreover the currency curne of the th country coutry should louid be b made mad responsive to t the th demands ded of our domestic trade and commerce The Th collections from duties dute on jim mm m mpr ports pr and a Internal intern taxes te continue to exceed exe the th ordinary r expenditures of oft the t government thanks tk mainly nl to t the reduced ruee army expenditures The T ut utmost Utmost most mst care C should lie be taken tn not nt to t re reduce r reduce duce due the t revenues so se 8 that t there ther will Im be beany beany any possibility of f a deficit but bet after providing against at any such contin contingency contingency gency means should be adopted which will bring being the revenues more nearly within the limit of our actual needs In Ia his hili report to 0 the congress co the sec eec secretory of the treasury considers all tiM these questions at t length and I ask uk your attention to the report and tee rec recommendations I call ial attention to tD the need of strict economy in e expenditures The fact that our national needs n forbid us to be niggardly In providing whatever w is actually necessary to our out should make us doubly careful to bus hus husband band our national resources as 8 each of us husbands hua ds hui MI private by scrupulous of anything like tike wasteful t qt or as expenditure Only oy v dance of spending spendIn a money on what is b needless needles or unjustifiable can we legitimately keep our income to the point required r to meet our needs that are genuine genuine L